Irs Annual 401k Contribution Limit 2024. Employees 50 or older can contribute up to $30,500 with catch. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

In 2024, the total amount you can contribute to your 401 (k), including matching contributions, is $69,000. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.